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Auslanco - GBP/JPY and GBP/USD (newstrade)

  • #86,041
  • May 30, 2008 5:54am May 30, 2008 5:54am
Quoting lilmoe
i'm sure there will be other opportunities
other opportunities for trades or the "other thing"? LOL
  • #86,042
  • May 30, 2008 5:57am May 30, 2008 5:57am
statement good for both

Quoting rsharpe30
other opportunities for trades or the "other thing"? LOL
  • #86,043
  • May 30, 2008 5:58am May 30, 2008 5:58am
Maybe we can start lighten up this forum while waiting it to collapse .. how about good and healthy jokes ..
Let me start .. it's Friday ..it's gonna be a down day not me but Geppy
  • #86,044
  • May 30, 2008 6:03am May 30, 2008 6:03am
Quoting mktjong
Maybe we can start lighten up this forum while waiting it to collapse .. how about good and healthy jokes ..
Let me start .. it's Friday ..it's gonna be a down day not me but Geppy
Looking for this?
Attached Image (click to enlarge)
Click to Enlarge Name: Picture 7.png Size: 11 KB
  • #86,045
  • May 30, 2008 6:05am May 30, 2008 6:05am
Quoting Islander
As I was just looking at my daily chart, here's what I have EW-wise....the "normal" W 4 retraces are 206.35 or 214.92 calculated off the previous waves.

Thus IMO, Wave 4 could go as high as the top of the DZ - the .618 retrace at 215.94 by mid June at the current rate - TWT.

Equally, it could turn now and start W5 down. IF that happens, then the W5 targets become: 178.65 / 170.62 / 159.93 using standard the normal EW conventions.
hi islander...
could wave 4 be that high?
i've just start studying ew, and reading pdfs that piters post a while ago. i see that w4 usually around .382 of w3..and from my chart reading, we are way past that level...

please share some knowledge on this...
  • #86,046
  • May 30, 2008 6:07am May 30, 2008 6:07am
Shake shake shake, Shake shake shake
Shake your boogie, shake your geppy
Shake the friday, shake your geppy
Shake it down baaaby, shake it down baaaaaaaby

Reff:
Shake shake shake, Shake shake shake
Shake your boogie, shake your geppy


  • #86,047
  • May 30, 2008 6:08am May 30, 2008 6:08am
Quoting Clouds
Looking for this?
Attachment


naaaaaah

more like this

Attached Image (click to enlarge)
Click to Enlarge Name: weekly_candle.gif Size: 14 KB
  • #86,048
  • May 30, 2008 6:11am May 30, 2008 6:11am
Quoting lilmoe
naaaaaah

more like this

Attachment
Just went long with no stop loss. Lol
  • #86,049
  • May 30, 2008 6:14am May 30, 2008 6:14am
Just noticed again today Nikkei was UP! then Gold now starting to reverse its gains...and oil seems like going to go back down..
  • #86,050
  • May 30, 2008 6:16am May 30, 2008 6:16am
15 min with a doji...
  • #86,051
  • May 30, 2008 6:21am May 30, 2008 6:21am
if nikkei is up, should that strengthen the yen?

Quoting samuel84
Just noticed again today Nikkei was UP! then Gold now starting to reverse its gains...and oil seems like going to go back down..
  • #86,052
  • May 30, 2008 6:21am May 30, 2008 6:21am
i believe cable's going to retest 1.93xx
  • #86,053
  • May 30, 2008 6:24am May 30, 2008 6:24am
Quoting lilmoe
if nikkei is up, should that strengthen the yen?
This is what I noticed..as long as the nikkei is up by at least 1% ++, most of the time yen will weaken..so indirectly the trade during the US hours I usually depend on the Nikkei at first, then considering other factors...
  • #86,054
  • May 30, 2008 6:24am May 30, 2008 6:24am
This is my guess, but I think that the geppy is going to retest 208.35 and then come back down. I'm going to do a weak long right now...

EDIT: My bad, I've done a terrible job analyzing. It has already retested 208.35...
  • #86,055
  • May 30, 2008 6:27am May 30, 2008 6:27am
targeting 10 pips?

Quoting Vfforexlee
This is my guess, but I think that the geppy is going to retest 208.35 and then come back down. I'm going to do a weak long right now...
  • #86,056
  • May 30, 2008 6:28am May 30, 2008 6:28am
Quoting Islander
As I was just looking at my daily chart, here's what I have EW-wise....the "normal" W 4 retraces are 206.35 or 214.92 calculated off the previous waves.

Thus IMO, Wave 4 could go as high as the top of the DZ - the .618 retrace at 215.94 by mid June at the current rate - TWT.

Equally, it could turn now and start W5 down. IF that happens, then the W5 targets become: 178.65 / 170.62 / 159.93 using standard the normal EW conventions.
lovely chart Is This could be exactly how the Dow plays out also, and we all know of the correlation between the two...having said all that, Dow futures up quite substantially this morning
  • #86,057
  • May 30, 2008 6:29am May 30, 2008 6:29am
Quoting lilmoe
i believe cable's going to retest 1.93xx
...and from there - watch cable fall hard one hopes
  • #86,058
  • May 30, 2008 6:29am May 30, 2008 6:29am
Quoting lilmoe
targeting 10 pips?
Read edit.
  • #86,059
  • May 30, 2008 6:31am May 30, 2008 6:31am
Quoting uplink
hi islander...
could wave 4 be that high?
i've just start studying ew, and reading pdfs that piters post a while ago. i see that w4 usually around .382 of w3..and from my chart reading, we are way past that level...

please share some knowledge on this...
I dont use EW anymore - there are so many variations that IMO its almost impossible to get consistancy using it - a fellow trader spent thousands on the latest REW software and after a year has reached the same conclusion.

The W4 retracement range that I have stated is IMO valid - also confirmed by the fibs shown - and as long as the W4 high is under the W1 low it is still valid as a W4.

As to where it actually turns - I use other methodolgies and so far, yesterdays high is looking good, with the lower high in the Asian session - BUT this MUST be confirmed by some downward price action - a close under yesterdays low of 206.77 would be a good start....http://www.forexfactory.com/images/icons/icon12.gif
Trading Levels with WRBs
  • #86,060
  • May 30, 2008 6:34am May 30, 2008 6:34am
Quoting ukvipersden
lovely chart Is This could be exactly how the Dow plays out also, and we all know of the correlation between the two...having said all that, Dow futures up quite substantially this morning
Don't see that bro, Dow only up a bit.
My unreliabled guess is, it's gonna be profit taking kicks in or reversing position later today. It is the last day of the month.

Hopefully ..
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